WSJ: Most Crypto Projects are Scams

Journalists from The Wall Street Journal have analyzed more than 3,000 crypto projects and determined that most of them are scam and plagiarism.

WSJ decided to research crypto startups and selected 3,291 projects on websites ICOBench, Tokendata, ICORating. Then the journalists discovered the white papers of the crypto startups. It turned out that most of them, if not scam, then plagiarism or empty promises.

Another, 343 projects, according to WSJ, use fake team members, information about which did not converge with reality. Some projects did not indicate at all information about managers, founders, or employees.